After shortages, chipmakers face swelling inventories, mirroring the economy, as consumers cut spending; analysis shows falling lead times in recent months (Asa Fitch/Wall Street Journal)

Asa Fitch / Wall Street Journal:
After shortages, chipmakers face swelling inventories, mirroring the economy, as consumers cut spending; analysis shows falling lead times in recent months  —  Semiconductor companies slash production plans amid weak demand  —  The world is now awash in chips.